AQA
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0.00% $3.37 aquila resources limited

Reasons?- The market is down over 1%- AQA is a thin stock &...

  1. Profess
    2,070 Posts.
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    28/09/09
    11:58
    Post #: 5702171
    Reasons?

    - The market is down over 1%
    - AQA is a thin stock & highly volatile
    - Shes broken her lower trendline, ST holders dont like that

    Im guessing we could see some overall sideways movement for a while with some noise around the $6.50 level. Remember that Baosteel can take up to 19.99% of AQA but could only take 15% intitially due to placement restraints (would require shareholder approval for placements over 15%).

    I wouldnt be surprised to see them top up on market if the price was right.
    AQA Price at posting: $6.04 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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